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 Private Retirement Fund, What the hell is that??

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hown
post Sep 19 2018, 09:34 AM

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hi. cimb prs bought last year not yet get incentive
timo1003
post Sep 19 2018, 05:14 PM

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QUOTE(hown @ Sep 19 2018, 09:34 AM)
hi. cimb prs bought last year not yet get incentive
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Have you checked your PPA account? It might be reflected there.. I also invested in CIMB Principal PRS fund but the incentive was only reflected in my PPA account and not in my CIMB PRS account..
hown
post Sep 20 2018, 10:04 AM

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QUOTE(timo1003 @ Sep 19 2018, 05:14 PM)
Have you checked your PPA account? It might be reflected there.. I also invested in CIMB Principal PRS fund but the incentive was only reflected in my PPA account and not in my CIMB PRS account..
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dont have in PPA
mekboyz
post Sep 20 2018, 03:24 PM

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I got CIMB PRS but i never login to it.. just used PPA

btw my value went down recently.. when will the dividend pay out?
Ramjade
post Sep 20 2018, 03:47 PM

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QUOTE(mekboyz @ Sep 20 2018, 03:24 PM)
I got CIMB PRS but i never login to it.. just used PPA

btw my value went down recently.. when will the dividend pay out?
*
Please know that dividend in UT is not real cash. Is right pocket to left pocket.
T231H
post Sep 20 2018, 03:48 PM

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QUOTE(mekboyz @ Sep 20 2018, 03:24 PM)
I got CIMB PRS but i never login to it.. just used PPA

btw my value went down recently.. when will the dividend pay out?
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unknown to what fund CIMB PRS fund you refered to....

you can check out the fund's prospectus to see the stated Distribution policy.....

example.....see image


Attached thumbnail(s)
Attached Image
mekboyz
post Sep 20 2018, 05:04 PM

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QUOTE(Ramjade @ Sep 20 2018, 03:47 PM)
Please know that dividend in UT is not real cash. Is right pocket to left pocket.
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QUOTE(T231H @ Sep 20 2018, 03:48 PM)
unknown to what fund CIMB PRS fund you refered to....

you can check out the fund's prospectus to see the stated Distribution policy.....

example.....see image
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Mine is CIMB-Principal PRS Plus Asia Pacific Ex-Japan Equity A

i dont understand.. i thought its similar to EPF?
timo1003
post Sep 20 2018, 05:05 PM

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QUOTE(hown @ Sep 20 2018, 10:04 AM)
dont have in PPA
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Maybe drop an email to PPA?
MUM
post Sep 20 2018, 07:02 PM

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QUOTE(mekboyz @ Sep 20 2018, 05:04 PM)
Mine is CIMB-Principal PRS Plus Asia Pacific Ex-Japan Equity A

i dont understand.. i thought its similar to EPF?
*
unknown to what is your thought....
could you please eloborate
what
where
how
is it that PRS is similar to EPF other than the objective to "try" to save for future use?



SUSDavid83
post Sep 20 2018, 07:06 PM

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mekboyz PRS = UT/MF in EPF way

UT=unit trust
MF=mutual fund

Since FM doesn't want to re-invent the wheel, they mainly feed the contribution from PRS fund to existing UT/MF under their products offering.
Ramjade
post Sep 20 2018, 07:17 PM

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QUOTE(mekboyz @ Sep 20 2018, 05:04 PM)
i dont understand.. i thought its similar to EPF?
*
To make you understand, think of EPF as your FD and amanah saham fixed price fund (those popular ones where you and sell at RM1/unit).

Returns or dividends generated by EPF is real cash.

But not UT/PRS. Why is that so? The answer is very simple. If they give you 3% worth if dividend, the NAV of the fund also drop by 3%. So you gain 3%, you lose 3%. Any nett gain?


annoymous1234
post Sep 20 2018, 07:37 PM

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This post has been edited by annoymous1234: Sep 20 2018, 11:26 PM
SUSDavid83
post Sep 20 2018, 07:38 PM

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QUOTE(annoymous1234 @ Sep 20 2018, 07:37 PM)
Do u guys know where to find my referral number for referral? I can't find it on prs site and cimb, is it coz I open with bank so I don't have referral?
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What referral number?
Or you meant your PPA account number?
mekboyz
post Sep 21 2018, 02:42 PM

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QUOTE(MUM @ Sep 20 2018, 07:02 PM)
unknown to what is your thought....
could you please eloborate
what
where
how
is it that PRS is similar to EPF other than the objective to "try" to save for future use?
*
QUOTE(David83 @ Sep 20 2018, 07:06 PM)
mekboyz PRS = UT/MF in EPF way

UT=unit trust
MF=mutual fund

Since FM doesn't want to re-invent the wheel, they mainly feed the contribution from PRS fund to existing UT/MF under their products offering.
*
QUOTE(Ramjade @ Sep 20 2018, 07:17 PM)
To make you understand,  think of EPF as your FD and amanah saham fixed price fund (those popular ones where you and sell at RM1/unit).

Returns or dividends generated by EPF is real cash.

But not UT/PRS. Why is that so? The answer is very simple. If they give you 3% worth if dividend, the NAV of the fund also drop by 3%. So you gain 3%, you lose 3%. Any nett gain?
*
har... but why the contribution is locked like EPF then? only can withdraw upon retirement age etc..


i thought the incentive/dividend will pay out every year end and compound like EPF..

then how to earn thru this PRS?
SUSDavid83
post Sep 21 2018, 02:51 PM

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QUOTE(mekboyz @ Sep 21 2018, 02:42 PM)
har... but why the contribution is locked like EPF then? only can withdraw upon retirement age etc..
i thought the incentive/dividend will pay out every year end and compound like EPF..

then how to earn thru this PRS?
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Work like EPF:

1.Long term investment solely for retirement purpose.
2. Divide into 2 accounts: Account I (A) or II (B).
3. Withdrawal at the age of 55
4. Tax relief up for 10 years till YA2021

Intrinsically it is still a unit trust or mutual fund

1. Gain through NAV appreciation
2. Income distribution (dividend) is meaningless (money out from left pocket goes back to right pocket
3. Income distribution could be annual or incidental (read/refer to the fund datasheet)

This post has been edited by David83: Sep 21 2018, 02:54 PM
mekboyz
post Sep 21 2018, 03:11 PM

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QUOTE(David83 @ Sep 21 2018, 02:51 PM)

1. Gain through NAV appreciation
2. Income distribution (dividend) is meaningless (money out from left pocket goes back to right pocket
3. Income distribution could be annual or incidental (read/refer to the fund datasheet)
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erm is it like this:

I buy 1k units at rm1; so RM1000 currently in my PRS account

but there is no dividend end of year?

NAV can go down right? means at 55 i may have less than rm1k?
SUSDavid83
post Sep 21 2018, 03:13 PM

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QUOTE(mekboyz @ Sep 21 2018, 03:11 PM)
erm is it like this:

I buy 1k units at rm1; so RM1000 currently in my PRS account

but there is no dividend end of year?

NAV can go down right? means at 55 i may have less than rm1k?
*
Yes.
But seldom UT will end up like that after 20 to 30 years.
Ramjade
post Sep 21 2018, 03:21 PM

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QUOTE(mekboyz @ Sep 21 2018, 02:42 PM)
har... but why the contribution is locked like EPF then? only can withdraw upon retirement age etc..
i thought the incentive/dividend will pay out every year end and compound like EPF..

then how to earn thru this PRS?
*
Because if you let people withdraw early, people just withdraw where they like. How is money going to grow if you keep withdrawing?

As David 83 said to profit/earn is to through capital appreciation of the NAV. Please learn that dividend does not matter in unit trust.
MUM
post Sep 21 2018, 05:27 PM

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QUOTE(mekboyz @ Sep 21 2018, 02:42 PM)
har... but why the contribution is locked like EPF then? only can withdraw upon retirement age etc..
the T & C of the PRS funds are made know....your investment are placed into 2 a/c...1 can take out only at retirement age, the other a/c can take out but subjected to taxes...

i thought the incentive/dividend will pay out every year end and compound like EPF..

the fund that you selected does not gives out dividend ...it had been spelled out in the prospectus....some other PRS does gives out dividend.

in UT investment the dividend distribution is NO GAIN to the investor....as mentioned by RAMJADE just a few post back

then how to earn thru this PRS?
from tax relief and from the appreciation of the fund's NAV (in your case)

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This post has been edited by MUM: Sep 21 2018, 05:28 PM
MUM
post Sep 21 2018, 05:32 PM

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QUOTE(mekboyz @ Sep 21 2018, 03:11 PM)
erm is it like this:

I buy 1k units at rm1; so RM1000 currently in my PRS account

but there is no dividend end of year?

NAV can go down right? means at 55 i may have less than rm1k?
*
YES, possible...but
try read post# 1518....
page 76
https://forum.lowyat.net/topic/3580942/+1500


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